Electric vehicle maker Nexzu Mobility is looking to foray into the international market, starting with some South Asian countries, and is also in early-stage discussions for exports of e-cycles to the US and the UK markets.
Nexzu Mobility, which was earlier known as Avan Motors, also plans to expand its scooter and cycle range over a period of two years to cater to the increased demand in the domestic as well as international market.
The Pune-based e-mobility player currently has two scooter models, Dextro and Dextro, and three hybrid cycle models, Roadlark, Aello, and Rompus, in its product portfolio, which are produced at its Pune manufacturing facility.
As part of its global expansion plans, Nexzu brand of e-scooters and cycles will be rolled out into Sri Lanka, Bangladesh and Nepal in the first phase. The company is also in early-stage discussions for exports to the US and the UK markets.
Nexzu Mobility is working on two products for the international market in the electric cycle range. The quality and the pricing of these products will be competitive with some of the best-known electric cycle brands globally. The company, which was incorporated five years ago, saw a jump in growth in 2018 when it launched its e-scooter in September that year.
By next year, Nexzu will hit production of 50,000 units annually to cater to its dealerships. Besides, it will launch four new e-scooters, two new premium electric cycles and develop one powertrain over the next two years. The company currently has about 70 dealer touchpoints to cater to demand for its products. It has also expanded its reach in West Bengal and Odisha, especially in the electric cycle segment, in the eastern region.